Question
Make sure to include the following fundamental components of your model when you submit your work. The full LP formulation intended here should include the
Make sure to include the following fundamental components of your model when you submit your work. The full LP formulation intended here should include the following, following the examples presented in the book:
The decision variables are defined along with the designated units.
The objective function, along with the units stated and any social, economic, or physical significance.
Each restriction in a mathematical equation or inequality, as well as the corresponding social, economic, or physical significance, are listed, along with the units used.
This LP formulation's solution (you may quote the QM program solution) and its interpretation of decision-making in the context of the original problem, for example, the best course of action is to produce 50 tables and 220 chairs and generate a profit of $2500 overall.
8-6 Eddie Kelly is running for reelection as mayor of a small town in Alabama. Jessica Martinez, Kelly's campaign manager during this election, is planning the marketing campaign, and there is some stiff competition. Martinez has selected four ways to advertise: television ads, radio ads, billboards, and newspaper ads. The costs of these, the audience reached by each type of ad, and the maximum number available are shown in the following table: In addition, Martinez has decided that there should be at least six ads on TV or social media or some combination of those two. The amount spent on billboards and newspapers together must not exceed the amount spent on TV ads. While fund-raising is still continuing, the monthly budget for advertising has been set at $15,000. How many ads of each type should be placed to maximize the total number of people reached
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